Leadway Advocates for Estate Planning Among Nigerians

Leadway Group has called on Nigerians to prioritize estate planning over mere wealth accumulation to secure a lasting legacy for families and businesses. This appeal was made by Adedoyin Aiyeola, a senior staff member, during a paper presentation titled “Moving Beyond Wealth Accumulation to Wealth Transfer” at a training workshop for insurance and pension journalists in Lagos.

Aiyeola pointed out that while many focus on wealth creation, few adequately prepare for asset transfer, leading to potential disputes and financial losses after a founder's death or incapacity. She outlined that effective wealth management involves three stages: creating wealth, protecting it, and transferring it.

Aiyeola cited the unexpected death of Herbert Wigwe, former Group Chief Executive Officer of Access Holdings (NGX: ACCESSCORP), as a reminder of the necessity of succession planning. She also referenced the succession disputes following the death of former Oyo State Governor, Chief Adebayo Alao-Akala, highlighting the importance of clear governance structures to mitigate family disagreements and litigation.